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Ari Emanuel’s $3 billion bet on live entertainment rests on the assumption that artificial intelligence will reduce working hours and increase the demand for leisure. But it’s hard to imagine such a future, particularly in India.

The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
A series of new investments earmarked for India, good and bad news from Saudi Arabia and AI deals at Davos, among other updates.
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.